Primera Energy Resources Ltd.

Touchstone Exploration is pleased to announce that the shareholders and optionholders of Primera Energy Resources have today voted to approve the previously announced plan of arrangement with Touchstone which provides that Touchstone will acquire all of the common shares of Primera not otherwise owned, directly or indirectly, by Touchstone on the [...]

Touchstone and Primera Energy are pleased to announce they have entered into an arrangement agreement which provides that Touchstone will acquire all of the common shares of Primera not otherwise owned, directly or indirectly, by Touchstone, by way of a plan of arrangement under the Business Corporations Act. Touchstone will acquire the outstanding [...]

PS 111RD, originally drilled and completed on December 1, 2011 was recompleted on March 27, 2012 in the Upper Cruse formation in 14 feet of net sand. The well came in flowing with an initial production of 202 barrels of clean oil per day, on a 4/32" choke with casing pressure of 1,200 pounds per square inch (psi). As of June 22, 2012, the well [...]

Further to our previous press release announcing the Snowcap 1 well as "the first Trinidad onshore light oil discovery in 50 years, the Corporation in conjunction with the Operator shall commence long-term production testing from the Snowcap-1 well, subject to regulatory and partner approvals. The goal of the test is to determine sustained [...]

On the onshore Moruga Block, the operator has re-entered Firecrown-1 and sidetracked the well to evaluate two Herrera objectives that it was unable to test in the original wellbore. The first Herrera objective has been drilled and intermediate casing was set. The operator is currently drilling the second deeper objective and expects to test [...]

PS 111RD, originally drilled and completed on December 1, 2011 has been recompleted on March 27, 2012 in the Upper Cruse formation. The well came in flowing with an initial production of 202 barrels of clean oil per day, on a 4/32" Choke with Casing Pressure of 1200 pounds per square inch (psi). As of April 2, 2012, the well continues to flow on [...]

Primera Energy has appointed Peters & Co. Limited as its financial advisor and to assist the Corporation in its review of strategic alternatives. Peters & Co. will be working with the Special Committee of the Corporation's Board of Directors in that regard as previously announced on March 13, 2012. The Special Committee, in conjunction with Peters [...]

The Corporation has approved the grant of 2,400,000 stock options to eligible participants (a total of 2,200,000 of these stock options were approved for grant to directors and officers of the Corporation). The options will be granted at an exercise price of $0.20 per Common Share and, subject to the Option Plan, will expire five years from the [...]